TECHNOLOGY
impacts and climate change . For example , it can be used in a variety of ways such as AI-infused clean distributed energy grids , precision agriculture , sustainable supply chains , environmental monitoring and enforcement and enhanced weather and disaster prediction . Research by PwC UK shows that using AI for environmental applications could contribute up to US $ 5.2tn to the global economy in 2030 .
“ In order to meet the goals set out by the Paris Agreement in 2016 , companies will need to cut down their emissions by 50 % by the end of this decade ,” Chandna says . “ AI applications , including generative AI , can help fasten the pace of progress by 2030 .
“ In parallel , the application of AI levers could reduce worldwide greenhouse gas ( GHG ) emissions by 4 % by 2030 . At the same time as productivity improvements , AI could create 38.2 million net new jobs across the global economy offering more skilled occupations as part of this transition .”
Generative AI can also help in achieving ESG goals for organisations in numerous ways such as :
WHY ARE NET ZERO AND DECARBONISATION PRIORITIES FOR TECH MAHINDRA ?
At Tech Mahindra , we have pledged to achieve Net Zero by 2035 and a 50 % renewable energy mix by 2025 . This comprehensive approach aligns with the United Nations ’ sustainable development goals and positions Tech Mahindra as a responsible leader in the technology and business sectors , prioritising long-term sustainability over short-term gains . We also plan to be carbon neutral by 2030 and achieve 90 % renewable energy by 2030 across our operations .
We have a clear vision ; we want to sustain a leadership position globally for sustainability . Tech Mahindra is committed to the Paris agreement targets and we ’ re consciously adopting a strategy that will deliver innovative solutions without adversely affecting the environment .
• ESG reporting : Generative AI can simplify ESG reporting by analysing reporting needs , collating details as per reporting formats
• Data models and analysis : GenAI ’ s predictive and prescriptive analytics capabilities can be applied to ESG Data Management data and information to help create data models and apply analytics
• Sustainability standards and frameworks : Due to the ever-evolving standards and frameworks of ESG & sustainability , Generative AI can help align the ESG data with the latest ESG Standards and frameworks
To utilise these methods , Tech Mahindra has committed to addressing environmental challenges by reducing its carbon footprint , adopting sustainable practice and leveraging technology to develop eco-friendly solutions .
TechM amplifAI offers a suite of solutions to drive the adoption of AI in a responsible manner , with sustainability built into its foundations . As part of the business ’ s efforts to curb greenhouse gas emissions , it launched the # AI4ACTION challenge to
146 November 2023